Note that his numbers are not typical across the country. They were for large houses in a hot AC-dominated climate with near highest electric costs in the nation. Where gasoline prices are also near highest in the nation, with long commutes being common. Most of the nation pays considerably less. Before this current war's fuel price spike, national average gas price was $3/gallon. At common driving rates of 15k miles/year, many hybrids have fuel bills less than $100/month. For those driving just 12k/year, even numerous non-hybrids could burn less than $100/month. I do have solar. But if I didn't, the energy portion of my electric bill (i.e. not including the fixed connection charge) would average under $100, even with home charging of a PHEV. The spouse and I are retired and home much of the time, in an all-electric (no natural gas service) house. Though it is smaller than most people want anymore, and I have considerably improved its energy efficiency.
Horrors. My life of the car gas costs average 7.6 cents a mile. I have averaged only 7k miles a year. Total life of car fuel costs of $3,880 or so. Now how many years would it take for a solar powering/charging system and a EV vehicle to pay off for me?
Which closely matches my Prius Prime numbers. But we have different things in life that amuse us: You "averaged only 7k miles a year" I average over 20k miles a year 2019 Model 3: ~180,000 miles / ~8 years = 22,500 miles Get what makes you happy and enjoy. I do and like sharing my tricks. Bob Wilson
Back to the thread topic, I've been watching closely to see if the free fall of SpaceX is going crash land anywhere near here. It did go up for 4 days, so possibly Elon's most successful space launch recently, now that reality is starting to take hold, only those that got a chance to buy right at the start might be still have their heads above water, feel sort of sad for the rest who got caught up in the hype, but anyone who actually looked at how any of Elon's previous brilliant product launches have faired over time and the true cash position rather than the paper value of the business empire is really travelling, they would have realised this money raising venture was needed to pay the loans that are coming due, and it hasn't even gone close to raising the capitol required to convince the banks the whole thing is a safe bet ..... T1 Terry
The thread topic is TESLA's Stock. So.... I'm not smart enough to know the ins and outs of money management - which is why I fix phones for a living - and let my company's management and brokerage firm deal with my 401k and pension. HOWEVER (comma!!!) My Spidey senses are informing me that $1000 gambled on Tesla's stock in the 2010s would be worth.......'something.' MAYBE even five or six figures worth of 'something.' The fact that TESLA is still afloat nearly 16 years after their IPO as a very new car manufacturer in a very new market speaks for itself. I will let the financial 'experts' in the forum prognosticate about SPCX. I DO know a little something about communications.....and that knowledge has led me to become a SPACE-X customer.
While I don't believe in individual stock investing...... please help me see the problem with a Tesla investment
Oh you know the answer. Turns on sooo many different variables. How cheap/expensive your electricity is, do you (like we) have 4 Refrigerators , + full size freezer, electric oven, stove, electric water heater, central AC, as well as charging multiple plugins? Do you live in an area with average long, bright/sunny/dry (yet coolish) days like high altitude cities Flagstaff Arizona & Prescott? or - little or none of those advantages. We have a heavy duty diesel truck and a plug-in because neither can do what the other does. Find what works
You should buy more! At this morning's price of $381/share its Price per Earnings ratio is only 344x earnings! That means you will only have to wait 344 years for that share to earn back it's cost...
reading comprehension is a wonderful gift to have....... ........I don't and never will invest in individual stocks..... TESLA STOCK PRICE PREDICTION 2026, 2027, 2028-2030 - Long Forecast Tesla Finds Its Footing as Q4 Earnings Ease Fears Around the Growth Story | Investing.com Repeat... I don't and never will invest in individual stocks......
We took a horrible beating on A123 Battery Tech well over a decade ago. Similarly - we took a serious depreciation beating on our model X & S . But the stock? Erased all those losses & left behind a really really nice chunk O change. Probably used up all our luck for this millennia
Mike I would be in your age group and understand your point of view, from a Return on Investment perspective or a purely financial view solar make no sense for someone in our group.... however ... from a personal statement or feel good perspective it does have some merit. I would like the feeling of being off grid and not dependent on the utility grid but......solar by any stretch of the imagination would never make financial sense for our family at this time.
